Daewoo Shipbuilding Archives | Be Korea-savvy
DSME Develops AI System to Deal with Shipowners

DSME Develops AI System to Deal with Shipowners

SEOUL, Mar. 5 (Korea Bizwire) — Daewoo Shipbuilding & Marine Engineering Co. (DSME) announced on Monday that it had developed a design system for supporting ship sales using artificial intelligence (AI). According to DSME, a joint development of the system with an AI startup company called 42 Maru was launched to find appropriate answers and [...]

Geoje Residents Anxious over Sale of Daewoo Shipbuilding

Geoje Residents Anxious over Sale of Daewoo Shipbuilding

GEOJE, Feb. 28 (Korea Bizwire) — The city of Geoje in South Gyeongsang Province held a meeting with residents on Tuesday to discuss issues surrounding the takeover of Daewoo Shipbuilding & Marine Engineering Co. Currently, more than 9,700 people work at Daewoo Shipbuilding’s Geoje Okpo Shipyard. Including employees of partner firms, more than 17,000 workers [...]

Hyundai Heavy-Daewoo Shipbuilding to Double Combined Orderbook for LNG Ships: Data

Hyundai Heavy-Daewoo Shipbuilding to Double Combined Orderbook for LNG Ships: Data

SEOUL, Feb. 19 (Korea Bizwire) — The proposed merger between Hyundai Heavy Industries (HHI) Co. and Daewoo Shipbuilding and Marine Engineering (DSME) Co. is expected to double the value of their outstanding orders for LNG ships to over US$12 billion, industry data showed on Tuesday. Hyundai Heavy, the world’s largest shipbuilder, is set to formally [...]

Hyundai Heavy to Sign Formal Deal to Take Over Daewoo Shipbuilding

Hyundai Heavy to Sign Formal Deal to Take Over Daewoo Shipbuilding

SEOUL, Feb. 12 (Korea Bizwire) — Hyundai Heavy Industries Co., the world’s largest shipyard by sales, is set to buy its smaller local rival Daewoo Shipbuilding & Marine Engineering Co., the state-run Korea Development Bank said Tuesday. KDB said Samsung Heavy Industries Co., a major South Korean shipyard, has stated its intention not to join [...]

Samsung Heavy Unlikely to Join Race for Daewoo Shipbuilding Takeover

Samsung Heavy Unlikely to Join Race for Daewoo Shipbuilding Takeover

SEOUL, Feb. 8 (Korea Bizwire) — Samsung Heavy Industries Co., a major South Korean shipyard, is unlikely to join the race to take over Daewoo Shipbuilding & Marine Engineering Co., as its parent Samsung Group is not interested in further expanding its shipbuilding business, industry sources said Friday. Last month, the state-run Korea Development Bank [...]

Hyundai Heavy Inks Temporary Deal to Take Over Rival Daewoo Shipbuilding

Hyundai Heavy Inks Temporary Deal to Take Over Rival Daewoo Shipbuilding

SEOUL, Jan. 31 (Korea Bizwire) — The state-run Korea Development Bank said Thursday that it has signed a temporary memorandum of understanding (MOU) with Hyundai Heavy Industries Co., the world’s largest shipbuilder by sales, to sell its controlling stake in rival Daewoo Shipbuilding & Marine Engineering Co. On Wednesday, Hyundai Heavy expressed its intent to [...]

Daewoo Shipbuilding Wins Oil Carrier Order in North America

Daewoo Shipbuilding Wins Oil Carrier Order in North America

SEOUL, April 4 (Korea Bizwire) – Daewoo Shipbuilding & Marine Engineering Co., a leading South Korean shipbuilder, said Wednesday it has clinched a deal to build two oil carriers for an unidentified company in North America. The shipbuilder said it is set to deliver the very large crude carriers to the shipping firm by the first quarter of 2020, without elaborating on the value [...]

Daewoo Shipbuilding Says Negotiations Under Way with Romania

Daewoo Shipbuilding Says Negotiations Under Way with Romania

SEOUL, Jan. 16 (Korea Bizwire) – Daewoo Shipbuilding & Marine Engineering Co., a major South Korean shipbuilder, said Tuesday it has been holding negotiations with Romania over the sale of the European country’s largest shipyard. Romania’s state-owned company 2 Mai S.A. Mangalia shipyard informed Daewoo Shipbuilding on Jan. 5 of its intention to exercise its [...]